TX Red River Valley / IBEW 681 bonds.
$200 flat.
A contractor signatory to the collective bargaining agreement between the Red River Valley Chapter of the National Electrical Contractors Association and IBEW Local 681 (Wichita Falls) posts this $5,000 bond to guarantee its wages and fringe benefit contributions — ours is $200 flat, and the price you see is the checkout price. The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
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Three steps. One sitting.
This is a fixed-amount, fixed-price wage and welfare bond. Here’s the entire process:
Apply online
Company details, an effective date, and a one-time consent to a soft credit pull — that’s the application.
Pay & e-sign
Wage and welfare bonds at this fixed amount are among the bond types that issue right after purchase. At most, 1–2 business days.
File with IBEW Local 681
Your executed bond and power of attorney arrive by email, ready to file with IBEW Local 681 or the Red River Valley Chapter NECA. Wet-ink original mailed on request.
What it is and who needs it.
What the Red River Valley / IBEW Local 681 bond actually guarantees
IBEW Local 681, based in Wichita Falls, and the Red River Valley Chapter of the National Electrical Contractors Association jointly negotiate the collective bargaining agreement covering electrical contractors in the Wichita Falls area of North Texas. A fringe benefits bond — sometimes called a wage-and-welfare bond — is the financial guarantee that agreement requires of a signatory contractor: one bound by the agreement to employ covered IBEW Local 681 electricians. This bond is fixed at $5,000 for the accounts it covers.
It is a three-party arrangement: the contractor (the principal), the surety carrier, and IBEW Local 681 or its affiliated fringe benefit funds (the obligee), protecting the covered electricians whose wages and benefits depend on those contributions actually arriving. If a signatory contractor falls short, the union can claim against the bond, and if the surety pays, the contractor repays the surety.
This is a private contractual requirement created by the collective bargaining agreement — not a Texas statute. The $5,000 amount and the $200 premium are fixed for this bond; if your agreement calls for a different bond amount, confirm it with IBEW Local 681 or the Red River Valley Chapter NECA before applying.
You need this bond if you are
One application, issued fast.
These are the actual underwriting fields, including your company details and a one-time consent to a soft credit pull. The pull never affects your score.
Start the application →Common questions.
Other Texas bonds.
Signatory status without the paperwork delay.
$200 flat, soft pull only. Free until issued.